Ukraine Made $59.6 Million Coupon Payment, Finance Ministry Says

Ukraine’s government made a $59.6 million coupon payment of its 10-year Eurobonds, the Finance Ministry said.

The former Soviet republic raised $1.5 billion in a sale of Eurobonds in February last year.

Ukraine also redeemed yesterday 3.4 billion hryvnia ($424.5 million) on domestic debt, the largest payment to service domestic debt in the first quarter of this year, the ministry, based in the capital Kiev, said today.

Prime Minister Mykola Azarov said today Ukraine won’t default, according to a statement on his website. The central bank and the government are in control of the financial and economic situation, he said.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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